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Search Results 0 to 4 of about 5 (some duplicates have been removed)
. we'll invent it in america and then become a service-based economy. well, here we are, and these new service sector jobs aren't paying off, literally. right now a job in the leisure and hospitality sector averages $13 an hour. that's $27,000 a year, if you work full-time. retail, not much better. average hourly rate, about $16 an hour. this is the average. it takes into account everyone from the store manager to the stock boy. let me show you one tier higher, manufacturing. bringing in almost $24 an hour on average. that's a solid $50,000 a year. that's also the median income for u.s. households. education and health services, these are important jobs for society. workers there earn an average of $24.28 an hour and also around 50 grand a year. again, if you work fulltime. then there's the very top. those are highly educated, highly skilled and highly motivated. census data show the top 20% making six figures, pulling in almost half of the income in the u.s. for this american recovery to work we need to have a middle, a big, prosperous happy middle. don't you think? it has defined gen
in some areas are rising, foreclosures slowing, but this is america and what will really get the economy going again is you. consumer spending rising, consumer confidence the best in four years. there's no doubt president obama inherited an economy in crisis, and his supporters will tell you he's turned things around. >> we have made real progress. >> his final argument, he deserves another four years to finish the recovery. mitt romney says his business experience and his big ideas are what america needs. you've heard their closing arguments. now it's decision time. and that makes you the jury, and the jury in ohio may determine the fate of the nation for the next four years. in ohio that's where we find my good friend ali velshi, cnn's chief business correspondent and john avlon is there with him as well. you have to go back to 1960 until you find the last time the winner of ohio did not end up in the white house. unemployment rate in ohio 7%, guys, below the national average. it was 8.6 president when president obama took office and shot up to more than 10%. ali, that looks like a pos
. america needs a 21st century workforce. that comes through education. to keep our place at the top, we need science, engineering and math skills taught earlier and with more efficiency. these four things, the fiscal cliff, jobs, china, education, they could define president obama's legacy and maybe immigration reform too. let's start at the top of that list. the most pressing issue, the fiscal cliff. you've seen the big picture, potentially the larges tax increase in history. here's what you will feel. your household tax bill will increase by $3500 on average. that's according to the nonpartisan tax policy center. $55 billion would be cut from defense spending. that will likely mean job cuts, slower production, not good for those connected to the defense industry. another $55 billion would be cut from things like education, food inspections and air travel. we've assembled cnn's best to pore over this. ali velshi, host of "your money" at 1:00 p.m. eastern. jessica yellin is the white house correspondent. lisa is the capitol hill correspondent for cnn radio. ali, you and i have been yell
Search Results 0 to 4 of about 5 (some duplicates have been removed)